Texas Statutes
§ 342.410 — PAYMENT FOR INSURANCE FROM LOAN PROCEEDS.
Texas § 342.410
JurisdictionTexas
Code FIFinance Code
This text of Texas § 342.410 (PAYMENT FOR INSURANCE FROM LOAN PROCEEDS.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Tex. Finance Code Code Ann. § 342.410 (2026).
Text
Sec. 342.410. PAYMENT FOR INSURANCE FROM LOAN PROCEEDS. A lender, including an officer, agent, or employee of the lender, who accepts insurance under this subchapter as protection for a loan:
(1)may deduct the premium or identifiable charge for the insurance from the proceeds of the loan; and
(2)shall pay the deducted amounts to the insurance company writing the insurance.
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.19(a), eff. Sept. 1, 1999.
Nearby Sections
15
§ 342.001
DEFINITIONS.§ 342.002
INTEREST COMPUTATION METHODS.§ 342.003
PURCHASE FROM MORTGAGEE.§ 342.005
APPLICABILITY OF CHAPTER.§ 342.007
DEFERRED PRESENTMENT TRANSACTION.§ 342.008
ATTEMPT TO EVADE LAW.§ 342.051
LICENSE REQUIRED.§ 342.101
APPLICATION REQUIREMENTS.§ 342.102
BOND.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 342.410, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/FI/342.410.